News

Swedish Economy Avoids Contraction in Q1
The Swedish GDP grew 0.1 percent on quarter in the first three months of 2020, compared to an initial estimate of a 0.3 percent contraction and beating market forecasts of a 0.6 percent drop. The country did not impose a coronavirus lockdown but many people were following social-distancing recommendations and limiting travel. Household consumption decreased by 1.7 percent, mainly due to transports and consumption abroad. Public expenditure fell 0.3 percent, investment shrank 0.9 percent and changes in inventories impacted GDP growth negatively by 0.5 percentage points. In contrast, exports increased by 3.4 percent and imports decreased by 0.2 percent. Overall, net exports contributed upwards to GDP growth by 1.7 percentage points. On a year-on-year basis, the economy advanced 0.4 percent. The government expects the economy to shrink around 7% this year and already launched a stimulus package worth around SEK 245 billion to boost the recovery.
Published on 2020-05-29

Swedish GDP Contracts 0.3% in Q1
Sweden's economy contracted 0.3 percent on quarter in the first three months of 2020, following a downwardly revised 0.1 percent expansion in the previous period, a preliminary estimate showed. Exports contributed positively to GDP, while decreases in gross fixed capital formation and changes in inventories weighed down growth. The contraction is expected to deepen in the April-June period when the full effects of the coronavirus outbreak will be felt. Sweden did not follow other European countries with a complete lockdown. The country closed down relatively late and a little less strictly than in other countries.
Published on 2020-05-05

Sweden GDP Growth Matches Forecasts at 0.2%
The Swedish economy expanded 0.2% on quarter in Q4 2019, following an upwardly revised 0.4% growth in Q3 and matching market expectations. Household spending was the main driver of growth (0.7%), namely consumption of transports, including vehicles. Also, government consumption remained largely unchanged; changes in inventories contributed to GDP growth by 0.2 percentage points; and gross fixed capital formation shrank 0.4%, mainly due to reduced investment in machinery and equipment. Meanwhile, exports decreased by 1.7% and imports decreased by 1.2%, resulting in a 0.3 percentage point drag from net trade. Year-on-year, the economy expanded 0.8%, well below 1.8% in Q3. Considering full 2019, the economy advanced 1.2%
Published on 2020-02-28

Swedish Q3 GDP Growth Beats Forecasts
Sweden’s GDP expanded 0.3 percent on quarter in the three months to September 2019, accelerating from an upwardly revised 0.2 percent advance in the previous period and above market expectations of 0.2 percent. Government expenditure (0.2 percent vs -0.2 percent in Q2) and gross fixed capital formation (0.5 percent vs -0.9 percent) rebounded while household consumption slowed (0.4 percent vs 11 percent). Also, net foreign demand contributed positively to growth, as exports climbed 1.4 percent (vs 0.5 percent in Q2) while imports rose at a softer 0.8 percent (vs 0.6 percent). Year-on-year, the GDP grew 1.6 percent, well above a 1 percent gain in Q2 but below market consensus of 1.8 percent.
Published on 2019-11-29

Swedish Q2 GDP Growth Revised Up to 0.1%
The Swedish economy advanced 0.1 percent on quarter in the three months June 2019, higher than a preliminary estimate and market expectations of a 0.1 percent contraction, the same pace in the previous period, final figures showed. Household consumption increased 1.1 percent (vs -0.3 percent in Q1) while government spending shrank 0.1 percent (vs 0.3 percent in Q1) and gross fixed capital formation declined 1.0 percent (vs -0.3 percent in Q1), mainly due to reduced investments in housing. Changes in inventories contributed to GDP growth by 0.1 percentage points. Meantime, net external demand contributed negatively, as exports remained unchanged (vs 0.9 percent in Q1) while imports rose 0.3 percent (vs -0.4 percent in Q1). Year-on-year, the economy grew 1 percent, lower than a preliminary estimate and consensus of a 1.4 percent expansion and easing from a downwardly revised 1.5 percent in the first quarter of the year.
Published on 2019-09-13

Swedish Economy Unexpectedly Contracts in Q2
Sweden's GDP contracted 0.1 percent in the second quarter of 2019, following a downwardly revised 0.5 percent expansion in the previous three-month period and missing market expectations of a 0.3 percent growth, a preliminary estimate showed. Gross fixed capital formation shrank 1.1 percent (vs -0.7 percent in Q1) and government spending declined 0.1 percent (vs unchanged in Q1), while household consumption rebounded firmly by 0.6 percent (vs -0.1 percent in Q1). Meanwhile, net external demand contributed positively as imports dropped 0.5 percent (vs -1 percent in Q1) and exports decreased at a slower 0.3 percent (vs 0.7 percent in Q1). Year-on-year, the economy grew 1.4 percent, also missing market consensus of 1.9 percent.
Published on 2019-07-30

Swedish GDP Growth Rate Slows to 0.6% QoQ in Q1
The Swedish economy grew 0.6 percent on quarter in the three months to March 2019, slowing from a 1.2 percent expansion in the previous period but beating market expectations of a 0.2 percent gain. Government spending grew much less (0.1 percent vs 0.4 percent in Q4) while both household consumption (-0.2 percent vs 0.6 percent) and fixed investment (-0.4 percent vs 1.1 percent) decreased. Changes in inventories provided no significant contribution to GDP growth in the first quarter. Meanwhile, net external demand contributed positively to growth, as exports rose (0.8 percent vs 3.1 percent in Q4) while imports fell (-0.7 percent vs 2.3 percent in Q4). Year-on-year, the GDP advanced 2.1 percent compared with a 2.4 percent growth in Q4 and market consensus of 1.7 percent.
Published on 2019-05-29

Swedish GDP Growth Accelerates to 1-1/2-Year High
The Swedish economy grew 1.2 percent on quarter in the three months to December 2018, recovering from a 0.1 percent contraction in the previous period and easily beating market consensus of 0.6 percent. It was the strongest pace of expansion since the second quarter of 2017 buoyed by solid increases in household consumption, government spending and exports, as well as a positive contribution from inventory changes.
Published on 2019-02-28

Swedish Economy Contracts For 1st Time Since 2013
The Swedish economy shrank 0.2 percent on quarter in the three months to September 2018, following a downwardly revised 0.5 percent expansion in the previous period and below market expectations of a 0.3 percent growth. It was the first contraction since the second quarter of 2013, as household consumption declined while government spending showed no growth.
Published on 2018-11-29

Swedish GDP Growth Revised Down to 0.8% in Q2
The Swedish economy expanded 0.8 percent on quarter in the three months to June 2018, lower than a 1 percent growth in the preliminary estimate, following a downwardly revised 0.5 percent expansion in the previous period and below market expectations of 1 percent, final figures showed. It was the strongest growth since the second quarter of 2018, driven by household consumption and government spending.
Published on 2018-09-13

Swedish Q2 GDP Growth Beats Forecasts
The Swedish economy advanced 1 percent on quarter in the three months to June 2018, easily beating market expectations of 0.5 percent and following an upwardly revised 0.8 growth in the previous period, a preliminary estimate showed. It was the strongest pace of expansion since the second quarter of 2017, mainly boosted by household consumption, government spending and net trade.
Published on 2018-07-30

Swedish GDP Grows 0.7% QoQ in Q1
The Swedish economy advanced by 0.7 percent on quarter in the first three months of 2018, the same pace as in the previous three-month period and above market expectations of a 0.5 percent rise. Household consumption rose faster and fixed investment rebounded.
Published on 2018-05-30

Swedish Economy Grows 0.9% in Q4
The Swedish economy grew by 0.9 percent on quarter in the last three months of 2017, following a 0.8 percent expansion in the previous period and missing market expectations of 1 percent. Household consumption increased at a faster pace, and both changes in inventories and net trade contributed positively to GDP growth. Meanwhile, fixed investment contracted. Year-on-year, the GDP rose by 3.3 percent after an increase of 2.9 percent in the third quarter, but slightly below market consensus of 3.4 percent.
Published on 2018-02-28

Swedish Economy Expands 0.8% in Q3
The Swedish economy advanced 0.8 percent on quarter in the three months to September 2017, easing from a downwardly revised 1.2 expansion in the previous period and matching market expectations. Growth was driven by fixed investment while household consumption rose at a softer pace and net external demand contributed negatively. Year-on-year, the GDP advanced 2.9 percent, following a downwardly revised 2.7 percent growth in the previous period and missing market expectations of 3.6 percent.
Published on 2017-11-29

Swedish Q2 GDP Growth Revised Down to 1.3%
The Swedish economy advanced 1.3 percent on quarter in the three months to June 2017, below the preliminary estimate of 1.7 percent and following a 0.6 growth in the previous period, final figures showed. It was the strongest pace of expansion since the last quarter of 2015, mainly boosted by net exports and government spending. Year-on-year, the economy grew 3.1 percent, also below an earlier estimate of 4 percent.
Published on 2017-09-13

Swedish Q2 GDP Growth Strongest Since 2010
The Swedish economy advanced 1.7 percent on quarter in the three months to June 2017, beating market expectations of 1 percent and following an upwardly revised 0.6 growth in the previous period, the preliminary estimate showed. It was the strongest pace of expansion since the last quarter of 2010, mainly boosted by fixed investment and household consumption. Year-on-year, the GDP expanded 4 percent, also beating market consensus of 2.8 percent. It was the highest annual growth rate since the last quarter of 2015.
Published on 2017-07-28

Swedish GDP Growth Eases To 0.4% In Q1
The Swedish economy expanded 0.4 percent on quarter in the first three months of 2017, easing from a downwardly revised 0.7 percent growth in the previous period and missing market expectations of 0.9 percent. Fixed investment and household consumption were the main drivers of growth while government spending contracted and net trade contributed negatively. Year-on-year, the GDP advanced 2.2 percent, also below market consensus of 3 percent.
Published on 2017-05-30

Sweden GDP Growth Beats Expectations In Q4
The Swedish economy expanded 1 percent on quarter in the last three months of 2016, following a downwardly revised 0.3 percent rise in the previous period and beating expectations of 0.9 percent. It is the highest growth rate in a year, boosted by rising investment and exports and a rebound in government spending.
Published on 2017-02-28

Swedish Economy Expands 0.5% In Q3
Sweden's gross domestic product advanced 0.5 percent in the third quarter of 2016, following an upwardly revised 0.6 percent expansion in the second quarter and in a line with market expectations, according to preliminary estimates. Household consumption rebounded by 0.4 percent (-0.1 percent in Q2) and net external demand contributed positively while fixed investment and government expenditure were unchanged. On a yearly basis, the economy advanced 2.8 percent, easing from an upwardly revised 3.6 percent growth in the previous period and below market expectations of 3 percent.
Published on 2016-11-29

Swedish Q2 GDP Growth Revised Up to 0.5%
Sweden's gross domestic product was upwardly revised to growth of 0.5 percent in the second quarter of 2016 from the previous three month period, following a 0.4 percent expansion in the first quarter. Government expenditure grew 1.2 percent and fixed investment expanded 1.8 percent, while household consumption was unchanged and net external demand contributed negatively. On a yearly basis, the economy advanced 3.4 percent, easing from a 4.2 percent growth in the previous period but beating preliminary estimates of 3.1 percent gain.
Published on 2016-09-14